From groceries to real estate, Bajaj Finserv AMC CIO is betting big on consumption
Published on 21/08/2025 11:56 AM
From groceries to real estate, Bajaj Finserv AMC CIO is betting big on consumptionBajaj Finserv AMC CIO Nimesh Chandan expects tax benefits, fiscal and monetary policies, Pay Commission revisions, and GST cuts are all likely to boost demand.By Prashant Nair | Surabhi Upadhyay | Nigel D'Souza August 21, 2025, 11:56:44 AM IST (Published)2 Min ReadNimesh Chandan, Chief Investment Officer at Bajaj Finserv AMC, said he remains positive on consumption and expects multiple triggers to support growth this year. “I am bullish on consumption, everything from groceries to real estate, and we maintain that view,” Chandan said.
He added that tax benefits, fiscal and monetary policies, Pay Commission revisions, and GST cuts are all likely to boost demand.
“There are many triggers, positive triggers, for cyclical uptake, also in the consumer businesses. So, I still maintain that everything from groceries to real estate is expected to do well this year. We just have to see which one will do well this quarter and which one well start doing well next quarter,” he noted.
On market segments, Chandan observed that consumption is becoming broad-based. “I think we are out of that K-shape recovery. Rural is doing well and because of tax benefits, you will see lower income, middle income also starting to do well,” he said.
He expects FMCG and quick commerce to lead initially, followed by discretionary spending and real estate during the festive season.
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Chandan also highlighted the BFSI sector as a key opportunity. “BFSI will join the party very soon. Valuations are attractive in this space… From here on, we see improvement there. So regulatory hassles are over now for insurance, from here we see a good move in insurance sector overall,” he said, pointing to improving credit growth, easing NIM pressures, and stable asset quality.
On quick commerce, Chandan said platform businesses are well placed. “We love them because they own the customer. They have the data about the customer buying patterns, and they can milk them very well.”
Looking ahead, he expects festive demand to lift FMCG, real estate-linked sectors, consumer discretionary, NBFCs, retail-focused banks, as well as travel and hospitality.
For full interview, watch accompanying video
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